For the first time in Iraq Zain Cash expands its services and benefits by launching its brand new ‘WalletCard’- Mastercard®

For the first time in Iraq Zain Cash expands its services and benefits by launching its brand new ‘WalletCard’- Mastercard®

November 15, 2018

The card can be used at all ATMs and points of sale plus e-commerce platforms across the world

‘WalletCard’ allows transactions in two currencies (US Dollars and IQ Dinars) using the same card

‘WalletCard’- Mastercard Global will be linked to Zain Cash application, allowing real-time monitoring of transactions and statements of accounts using your smartphone.

In line with its ongoing efforts to provide the latest digital solutions and innovative products to its subscribers, Zain Cash announced the launch of ‘WalletCard’ - certified by the leading electronic payments solution provider; Mastercard Global, with a wide range of exclusive benefits to its subscribers. And for the first time in Iraq, the card will be linked to Zain Cash –the mobile electronic wallet- with no need to own a bank account, offering cardholders the benefits of using a Mastercard both locally and globally in more than 50 million points of sale that accept Mastercard payments across the world. Users will also be able to use the card for online shopping and cash withdrawals from ATMs around the world.

Emphasizing on the importance of maintaining our leadership within the digital economy, Ali Al-Zahid, CEO, Zain Iraq, said: “Developing our services and digital solutions is part of our strategic objective to contribute our growth in this important sector, given its significant influence on enhancing the quality of provided services in Iraq and the region. Our subscribers will be able to benefit from developed, feasible and secured services with a regional and international competitive edge.”

“We are glad to launch ‘WalletCard’, the first smartphone based Mastercard in Iraq ,” said Zain Cash CEO Yazen AlTimimi. “We continue working for our goal to build a financial account that is useful, convenient, and transparent for Iraqis. With the multi-currency WalletCard, Zain Cash users will be able to use their wallet funds to shop online, cash-out from millions of ATMs, and pay at retail stores across the world. Users are also able to manage and monitor their cards directly from their smartphone giving stronger transparency and peace of mind. These new benefits will hopefully boost the electronic payments eco-system further”

“The card is available at all Zain Iraq’s main shops located across the country. Zain Iraq subscribers will be able to register and activate their cards easily and with no complications,” added AlTimimi.

Through this initiative, Zain Cash looks to contribute to the transformation to a cashless economy by driving more individual and businesses to adopt digital payment.

Users can get their ‘WalletCard’ easily through Zain Iraq main shops that are located across all Iraqi governorates without the need to open a bank account. The card can be activated free of charge through Zain Cash application that is available on Apple Store and Google Play. The individual simply clicks on ‘WalletCard’ icon to register as an owner of a permanent account. Then, the user will be prompted to enter a serial number followed by the personal identification number (PIN) for Zain Cash wallet. ‘WalletCard’ is linked to Zain Cash wallet which enables users to have full control over their cards such as instant freeze in case of loss. The wallet can be topped-up at Zain Cash centers, which can be located using the app at any time. Zain Cash commercial team is well trained and equipped to explain activation details and mechanisms that are easy yet confidential.

Zain Cash wallet was launched in March 2013 to develop online and smartphone payment solutions. In December 2015, Zain Cash received the certification of the Central Bank of Iraq. Its primary services include person-to-person (P2P) money transfer, bill payment, digital goods purchases, mobile recharge, e-commerce payment, and retail QR payment.